Issue - meetings
Quarterly Budget Monitoring Report October - December
Meeting: 15/02/2022 - Cabinet (Item 7)
7 Budget Monitoring Report 2021/22 - position as at 31 December 2021 
PDF 388 KB
Report of the Cabinet Member Finance and Assets
Additional documents:
- 2022_02_15_Budget Monitoring_appendix 2_council tax and NNDR collection, item 7
PDF 12 KB
- 2022_02_15_Budget Monitoring_appendix 3_capital programme, item 7
PDF 46 KB
Decision:
RESOLVED THAT:
1. The contents of this report, including the key projected variances to the 2021/22 budget approved by Council on 22 February 2021 and the expected delivery of services within budget, be noted;
2. It be noted that these variances have been incorporated into the final budget for 2022/23 for approval by Full Council on 21 February 2022.
Minutes:
The Cabinet Member Finance and Assets presented the report, noting that the previous budget monitoring report projected an overspend of £1.044m, largely due to the £817k commercial income not recovered during the pandemic. Since then, significant work had been undertaken to monitor and review the situation, and the forecast for the 2021/22 budget as of 31st December was an overspend of £615k.
The Leader praised the work of the finance department and put on the record her pride at the council’s transparency and attention to detail on financial matters.
The Leader moved to the vote, where it was unanimously:
RESOLVED THAT:
1. The contents of this report, including the key projected variances to the 2021/22 budget approved by Council on 22 February 2021 and the expected delivery of services within budget, be noted;
2. It be noted that these variances have been incorporated into the final budget for 2022/23 for approval by Full Council on 21 February 2022.